Employment is of immense significance in the economic development of any country, for it is self-reinforcing to an utmost degree. When people get jobs their consumption basket widens, propelling demand as well as production, which in turn generates more jobs for unemployed youths and revenue for the government. So, in any given economy, particularly in the advanced ones, the success of the political leadership is gauged by how many additional jobs it was able to create in a specific time period.
However, in an economy like ours, where vital employment statistics are spurious, employment has not yet found a place in the priority list of policy makers. In short, the government puts in all possible effort in promoting foreign employment, but pays little attention to boosting employment at home.
But all that seems to be changing gradually, as the government is opening at least 14 labor information centers across the country to help unemployed youths find suitable work. Given that Nepal seriously lacks basic information about the unemployed and their status, the labor information centers will be crucial in creating a database on such people. The database, if managed properly, will serve both employers and employees. Continue reading Labor Information Centers: Nepal
From: The Himalayan Times
Himalayan News Service
KATHMANDU: The government has exempted visa fee for the Everest and Dhaulagiri
Summiteers for 2010 and 2011. The mountaineering fee has also been reduced by 50 per cent for Dhaulagiri climbers during the two years, on the occasion of Dhaulagiri golden jubilee celebration — on May 13 — and Sagarmatha day — on May 29.
Government is set to celebrate the third International Sagarmatha (Mount Everest) Day on May 29 with various programmes. The celebration is scheduled for two days — on May 28 and May 29. “We are hopeful that the celebration of Mt Everest Day will definitely help encourage Everest summiteers and promote Nepal Tourism Year 2011,” said Ranjan Krishna Aryal, secretary at Ministry of Tou-rism and Civil Aviation. Continue reading Govt exempts visa fee for mountaineers
KATHMANDU, Jan 12: Though real estate slump and low industrial output continue to challenge policymakers, key economic indicators portray a completely different picture, indicating that the country´s economy has dramatically turned around in recent months.
About a year ago in December 2010, the country was reeling from a balance of payments deficit of well around Rs 6 billion.
But now, Nepal Rastra Bank (NRB) says, the country´s balance of payments situation has turned positive to well over Rs 47 billion. This is already a 34-year high situation.
To add to this confidence, its latest data suggests that the country´s foreign exchange reserves have accummulated to US$ 4.59 billion, which is a historic high.
“Reserves in dollar terms have grown by well around 20 percent in the first five-and-a-half months of this fiscal year alone,” said an NRB source. They grew by a meager 6 percent in the last six months of 2010/11. Continue reading Forex at all-time high at $ 4.5b
DEREK AMAYA, For Tech Talk
The city of Ruston can enjoy alcohol all weekend after the City Council voted to lift a ban that allows restaurants to serve alcohol on Sunday.
In a 3-2 vote, the ban was lifted to help economic development within city limits, supporters said.
Those in favor of the ordinance believe it will increase Ruston’s economy and bring a change of atmosphere to restaurants.
Opponents of the ordinance believe some local businesses only support the ordinance because it will put more money in restaurant owners’ pockets.
However, they say this benefit is minimized when compared to the potential increase in crime.
Mayor Dan Hollingsworth said the council believes this ordinance could enhance economic development in the community, growth in local businesses and provide citizens with broader choices of restaurants on Sundays. Continue reading Liquor permitted to be sold on Sunday
This Article has been abstracted from University’s Local Paper, Tech Talk
By NAOMI ALLISON for Tech Talk
With more than 11.2 million illegal immigrants residing in the U.S. and 65,000 undocumented students graduating from high school each year, passionate discussions have erupted among various organizations both for and against the California Dream Act.
The controversial law (AB 131), which Democratic Gov. Jerry Brown signed on Saturday afternoon, will become effective starting Jan. 3, 2013, and create educational opportunities for undocumented
students who are on a path to citizenship by enabling them to apply for and receive state aid.
According to the California Department of Finance, the bill will impact an estimated 2,500 students. They will be eligible to receive Cal grants totaling $14.5 million, a hefty $5,800 per student.
In a nutshell, this means only 1 percent of all Cal Grant funds, which total $1.4 billion, will be affected by the legislative package. Continue reading Tech Talk:Dream Act a nightmare for some
by Tina Marie Alvarenga
The Namaste Nepal Association held its second annual “Nepal Night” Sunday in the Student Center, Main Floor.
Students, faculty and honored guests were able to get a glimpse of Nepal as the NNA provided a variety of entertainment.
NNA served Nepali food, sang native songs and performed traditional dances.
The association also conducted a fashion show, demonstrating Ne_pali outfits during certain ceremonies and everyday wear.
Ashutosh Koir_ala, NNA president and a senior electrical engineering major, said, “A person knows a culture by the food, the dress and the music. We see [Nepal Nite] as an easy way of teaching, the best way.”
Nepal is a nation located south of China and north of India and was described by Shirish Lamichhane, a junior industrial Continue reading NNA provides ‘A Glimpse of Nepal’
Namaste Nepal Association (NNA) is a nonprofit student organization established by students from Nepal currently enrolled at Louisiana Tech University. The primary purpose of NNA is to promote and share the knowledge about “Nepal” and “Nepalese” and its cultural diversity in the University and among the local community as well.
There are 152 Nepalese students currently enrolled as full time students, at Louisiana Tech University. Continue reading Background of Namaste Nepal Association